KUALA LUMPUR: The Retirement Fund (Incorporated) (KWAP) intends to increase and improve its international exposure following its diversification strategy and journey to seek growth globally while focusing on three sectors in the domestic market.
Chief executive officer Nik Amlizan Mohamed said the fund has invested in more than 40 countries and is keen for any opportunities that provide greater returns without looking only into specific target countries.
"For the domestic market, we are interested in anything to do with impact investing approach such as food securities, renewable energy and investments on retirement related services,” she said during the virtual Malaysian Industrial Development Finance Bhd (MIDF) Conversations 2022 today.
Besides that, she said KWAP is also looking for investment opportunities in the banking industry as the counters in the sector have shown healthy growth on Bursa Malaysia, which in turn provides investor confidence.
"Moreover, we must be ready to capitalise on opportunities if the market takes (further) downturn as that will be the best time to look into readjusting returns to be at a higher level.
"As for KWAP, we have to make sure of our ability to be agile, dynamic as well as with strong talents and build the organisation in order to be able to go through the challenging time that we are facing currently and in the future,” she said.
KWAP manages contributions that the Federal Government and relevant agencies made into the retirement fund and aims to obtain optimum returns on its investments in equity, fixed income securities, money market instruments, and other forms of investments as permitted under the Retirement Fund Act.
The fund will be applied towards assisting the Federal Government in financing its pension duties.
TAGS: KWAP, MIDF, Investment, Bursa Malaysia, Retirement, Pension